Bats Global Markets to Acquire ETF.com as Independent Subsidiary

[kreslik.news]

A definitive agreement has been signed by Bats Global Markets to acquire ETF.com, a leading provider of news, data and analysis for Exchange Traded Funds (ETFs), as the company seeks to build out its ETF related segments, and with ETF.com set to become an independent media subsidiary of the exchange operator.

The transaction is set to close on April 1st 2016, and subject to customary closing conditions. According to the company press release, David Lichtblau, CEO of ETF.com, will retain his position while reporting directly to Bats Executive Vice President and Head of U.S. Markets Bryan Harkins. Financial terms of ... (read more)